Stolen Tickets Clause Samples
The Stolen Tickets clause establishes the procedures and responsibilities in the event that tickets are lost or stolen. Typically, this clause outlines the steps a ticket holder must take to report the theft, such as notifying the issuer and providing proof of purchase, and may specify whether replacement tickets will be issued or if any fees apply. Its core function is to clarify the process for handling stolen tickets, thereby reducing disputes and ensuring both parties understand their obligations and remedies in such situations.
Stolen Tickets. The Product Group, the MUSL and the Party Lotteries shall not be responsible for lost or stolen tickets.
Stolen Tickets. (1) Retailer is financially responsible for Lottery tickets stolen after delivery to Retailer. Retailer must immediately report any theft of Lottery products to local law enforcement and contact the Lottery’s Security/Law Enforcement Division’s Special Investigation and Gaming Security (SIGS) unit (1-800-LOTTERY). If Retailer reports the theft within four hours of discovery, Retailer may be reimbursed for the cost of stolen tickets at the sole discretion of the Lottery. However, Retailer must be able to provide the Lottery with the game, pack and individual ticket number(s) of stolen Scratchers tickets to be considered for a reimbursement. It is Retailer’s responsibility to keep detailed, complete, accurate, daily inventory records for all Lottery tickets.
(2) In the Lottery Director’s sole discretion, Retailer may be reimbursed for up to 100% of the cost of stolen tickets for the first claim submitted in a 36-month period and up to 50% of the cost of stolen tickets for the second claim submitted in a 36-month period. As a general rule, there will be no reimbursement for a third claim made during a 36-month period.
(3) In the Lottery Director’s sole discretion, Retailer may be reimbursed for up to 100% of the cost of tickets lost, damaged, or destroyed by fire, flood, earthquake, or similar hazard.
(4) If Retailer’s account has been credited by the Lottery for stolen, lost, damaged, or destroyed tickets and Retailer recovers all or any portion of the loss from an insurer or other third party, Retailer must immediately notify the Lottery. The Lottery is entitled to offset Retailer’s account to reflect the Lottery’s share of such recovery. Failure to notify the Lottery of any recovery by the Retailer from an insurer or other third party will result in immediate Contract termination.
Stolen Tickets. All lost or stolen tickets must be reported to the travel agency and the accounting department of iXL immediately.